Gathering licences like confetti, it would be better for shareholders if Alba concentrated on building a up what they have. How much time is needed just to visit all the licences?

Uranium in Africa,
Gold in Wales,
Base metals in Ireland.
Oil in Sussex.
Graphite in Southern Greenland
Iron ore 100s of kms further North in Greenland
Now Inglefield Land 100s Of kms further North than the old sand licence that is on an island off the coast and another next to the US airbase! The final sand licence is North of
the other company in the area. Scattered about.

Where will people stay on all these licences to do all this work? Greenland has a population of 56000 How much do Helicopters cost to fly about?
(There are no roads in the North of Greenland, look on a map as to where this is. One of the reasons Bluejay is valuable is the fact that its a 80kms Long beach of high grade Ilmenite , you can land planes & Berth Ships , plus it has an already constructed group of Houses & a supermarket which is a permanent base)

How much is paid visiting and paying licence fees?

If the company settled on a plan perhaps we would see progress, all that can be seen
is a future placing to pay for travel and costs.
Frustrating, I happen to think the Graphite licence would be a good start.

Gathering licences like confetti, it would be better for shareholders if Alba concentrated on building up what they have. How much time is needed just to visit all the licences?

Uranium in Africa,
Gold in Wales,
Base metals in Ireland.
Oil in Sussex.
Graphite in Southern Greenland
Iron ore 100s of kms further North in Greenland
Now Inglefield Land 100s Of kms further North than the old sand licence that is on an island off the coast and another next to the US airbase! The final sand licence is North of
the other company in the area. Scattered about.

Where will people stay on all these licences to do all this work? Greenland has a population of 56000 How much do Helicopters cost to fly about?

Do they visit all this stuff?

How much is paid visiting and paying licence fees?

If the company settled on a plan perhaps we would see progress, all that can be seen
is a future placing to pay for travel and costs.

This morning we learnt Alba Mineral Resources (ALBA.L) had secured new exploration licences covering 466 sq km in the Inglefield region of north-west Greenland. The new permits add to Albas expanding interests of prospective exploration properties in the country, along with licences already held in Inglefield over 90 sq km.

Regional data from the Inglefield region and assay results on the permits from previous operators show it is prospective for a multitude of resources such as copper, gold, cobalt, vanadium and nickel. During the 2018 field season, Alba plans to conduct a field programme over high-quality targets in Inglefield, in parallel with work at its nearby Thule Black Sands project.

Comment & Recommendation

Alba is now starting to gain critical mass with a growing portfolio of exploration permits in Greenland. By combining exploration work over the new properties, with work at other licences in the country that are nearby, Alba can obtain exploration economies of scale. The addition of the new ground is well timed, given its prospective potential for in demand battery metals such as copper, cobalt and nickel. We are also encouraged by the results previously obtained on the licences and work conducted in the region by the Geological Survey of Denmark and Greenland, which provides Alba with an effective exploration head-start.

Greenland is now emerging as a favoured destination for resource investors, a factor that has not yet translated into increased market valuations for all participants in this part of the world. We note with interest the sizeable sum (for a junior exploration company) of £17m raised by Bluejay Mining plc (JAY.L) earlier this month. Most of these funds we believe will be earmarked for Bluejays flagship ilmenite project at Dundas, which is being rapidly advanced towards commercialisation. It must be remembered, Alba has its own ilmenite prospective project at Thule Black Sands (TBS), which lies a mere 9kms from Dundas. Both the geology and mineralisation of TBS and Dundas appear to be very similar, with the same source rock clearly responsible for the mineralisation in both project areas.

From Albas perspective, in the coming months we await details of a maiden JORC statement at Thule Black Sands. A resource statement could significantly move Albas shares higher and close the large market cap gap between Alba and Bluejay of over £160m.

In addition to Greenland, Albas other projects could excite the market, being the UK onshore oil interests in the Weald Basin and new gold project at Clogau in Wales. Todays RNS highlights the significant news flow anticipated from Alba in the coming weeks and months.......

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